Tag Archives: Aviation

Willis Lease Finance Corporation Announces Aircraft Engine Leasing Partnership with Blackstone Credit & Insurance

Blackstone

COCONUT CREEK, Fla. and NEW YORK — January 5, 2026 — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and a global provider of aviation services, and Blackstone Credit & Insurance (“BXCI”) announced a strategic aircraft engine leasing partnership with plans to deploy over $1 billon in the next two years in current and next generation aircraft engines and select aircraft. This unique partnership brings together a leading engine leasing specialist with Blackstone’s scaled private credit business to focus on the engine asset class.

The partnership leverages WLFC’s established position as a pioneer in aircraft engine leasing and its growing asset management platform. WLFC has identified a seed portfolio and near-term pipeline of high-quality engine assets that are expected to close into the partnership, providing immediate scale and diversification across engine types and airline customers globally.

“We are excited to partner with BXCI, whose scale and long-term capital commitment will accelerate the growth of our asset management business,” said Austin C. Willis, CEO of WLFC. “Blackstone is a leader in asset-based credit, and their investment demonstrates the strength of our position in aircraft engine leasing and their belief in our ability to generate attractive returns through disciplined asset selection and active management.”

Scott Flaherty, CFO of WLFC, added “the Blackstone relationship provides further capital diversification to the Willis platform. We are excited about this new relationship and the growth opportunities this brings to our business.”

“Willis is a leading lessor of commercial aircraft engines and brings unparalleled technical expertise, deep customer relationships and a proven track record,” said Aneek Mamik, Senior Managing Director, Blackstone Credit & Insurance. “This opportunity is consistent with BXCI’s objectives of building programmatic, differentiated origination in large addressable markets with a focus on hard assets and strong downside protection.”

“We look forward to partnering with the WLFC team to support the growth of their platform and deliver essential engine solutions for the global aviation fleet,” added Alex Buck, Principal, Blackstone Credit & Insurance.

BXCI’s Infrastructure and Asset Based Credit group manages over $100 billion and has over 80 investment professionals, as of September 30, 2025. The platform is focused on providing investment grade credit, non-investment grade credit, and structured investments across the real economy in sectors such as infrastructure, commercial finance, fund finance, consumer finance, and residential real estate loans.

BNP Paribas served as sole structuring agent and advisor to BXCI.

About Willis Lease Finance Corporation
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide. These leasing activities are integrated with various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation.

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Contacts
Willis Lease Finance Corporation
Lynn Kohler
Lkohler@willislease.com
(415) 328-4798

Blackstone
David Vitek
David.Vitek@blackstone.com
(212) 583-5291

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Warburg Pincus Acquires Topcast, Asia Pacific’s Largest Independent Aircraft Parts Distributor and MRO Service Provider in the Civil Aviation Industry

Warburg Pincus logo

The firm brings proven track record in the global aerospace industry and long-term commitment to Asia to support Topcast’s next phase of growth

Hong Kong, November 25, 2025 – Warburg Pincus, the pioneer of global growth investing, today announced the acquisition of Topcast Aviation Supplies Company Limited (“Topcast”), the largest independent distributor of civil aviation parts and Maintenance, Repair, and Overhaul (MRO) service provider in Asia Pacific.

Founded in 1991 and headquartered in Hong Kong, Topcast offers integrated solutions to the civil aviation industry, including the distribution of aircraft parts and consumables, buyer-furnished equipment (BFE), Original Equipment Manufacturer (OEM) services, and repair and maintenance support. With an unparalleled local presence in Asia Pacific and particularly strong market leadership in Greater China, Topcast has become the partner of choice for airlines, MROs, and OEMs globally. The company operates across Asia Pacific, EMEA, and Americas, connecting global aviation parts manufacturers with the region’s fast-growing markets.

Warburg Pincus is among the most active private equity investors in the global aviation sectors, with current and former investments including Accelya, Aquila Air Capital, CAMP Systems, Consolidated Precision Products, Extant Aerospace, TransDigm, Triumph and Wencor. Notably, Warburg Pincus has a strong presence in Asia Pacific, with over 30 years of local investment experience and around US$34 billion invested in more than 270 companies in the region, underscoring its localized and partnership-oriented approach to long-term growth and value creation.

Ben Zhou, Managing Director and Co-Head of China Private Equity at Warburg Pincus, said, “Asia Pacific is one of the most dynamic and fast-growing civil aviation markets in the world. Topcast has built a strong reputation as a trusted and innovative partner to airlines, MROs, and OEMs, helping to ensure the efficiency, reliability, and safety of the aviation supply chain. It is a differentiated business with deep regional expertise, technical know-how, and a customer-centric approach. We look forward to supporting Topcast in deepening its local capabilities, expanding its global partnerships, and driving its next phase of sustainable growth.”

Orson Lo, Chief Executive Officer of Topcast said, “We are excited to begin this new chapter with Warburg Pincus. Their deep sector experience, global network, localized approach and growth-oriented philosophy will support our mission to deliver best-in-class service and innovative solutions to the civil aviation industry in Asia Pacific and beyond. Together, we will continue to invest in our people, service infrastructure, digital capabilities, and global operations to better serve our partners around the world.”

***

About Topcast

Founded in 1991 and headquartered in Hong Kong SAR, Topcast is a leading civil aircraft parts distributor and MRO service provider. The company offers aftermarket and OEM aircraft parts, equipment, repair services and technical support for a broad range of aircraft types. With a strong global network, Topcast has more than 20 offices across Asia Pacific, EMEA, and Americas, connecting suppliers with customers for over 90 countries. Please visit www.topcast.com

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $85 billion in assets under management, and more than 215 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com

Media Contact

Warburg Pincus

Lisa Liang

Senior Vice President, Asia Head of Marketing and Communications

lisa.liang@warburgpincus.com

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Apollo and Virgin Atlantic Complete $745m Asset-Backed Financing Solution

Apollo logo

LONDON and NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Virgin Atlantic Airways today announced that Apollo-managed funds and affiliates have completed a $745 million senior secured financing of Virgin Atlantic’s portfolio of take-off and landing slots at London Heathrow, one of the world’s busiest airports.

The proceeds from the financing will further strengthen Virgin Atlantic’s balance sheet and fund the airline’s continued investment in its award-winning premium customer experience. This includes the complete refurbishment of its Boeing 787-9 fleet, introducing upgraded interiors and expanded Upper-Class and Premium cabins from 2028. From the third quarter of 2026, ten new Airbus A330neo aircraft will also join the fleet, featuring expanded premium cabins and six luxurious Retreat Suites. In addition, the financing supports Virgin Atlantic’s commitment to service and product innovation, enabling the rollout of free, streaming quality Wi-Fi powered by Starlink across the entire fleet.

“We are pleased to partner with Virgin Atlantic on this transaction, which demonstrates our ability to provide bespoke, scaled financing solutions to leading businesses,” commented Apollo Partner Ben Eppley.

“This creative, asset-backed structure unlocks important capital investment for Virgin Atlantic, a strong, established brand that we believe is well-positioned for continued success with its differentiated offering in aviation,” said Apollo Partner Samuele Cappelletti.

Shai Weiss, CEO, Virgin Atlantic said, “Today’s agreement marks an important milestone as we continue to strengthen our balance sheet and deliver on our vision to become the most loved travel company. We’re delighted to partner with Apollo on this transaction, and for their confidence in Virgin Atlantic, as we invest in delivering the best experience in the skies for our guests. From flying the youngest fleet across the Atlantic as the first UK airline to have free, streaming quality Wi-Fi, to introducing larger premium cabins and a full retrofit of our 787 fleet. The best is yet to come.”

Gibson Dunn acted as legal counsel to the Apollo-managed funds and affiliates, while Apollo Capital Solutions Europe B.V. provided arrangement services. Redding Ridge Asset Management provided rating advisory solutions in support of the transaction. Citigroup acted as placement agent, as well as transaction and rating advisor, and Herbert Smith Freehills Kramer acted as legal advisors, respectively, to Virgin Atlantic.

Virgin Atlantic was founded by entrepreneur Sir Richard Branson in 1984, with innovation and amazing customer service at its core. Virgin Group retains a 51% share, with Delta Air Lines retaining a 49% share.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

About Virgin Atlantic    

Virgin Atlantic has been voted Britain’s only Global Five Star Airline by APEX for the ninth year running in the Official Airline Ratings. Headquartered in London, it employs 9,250 people worldwide, flying customers to 28 destinations throughout the year.

Alongside shareholder and Joint Venture partner Delta Air Lines, Virgin Atlantic operates a leading transatlantic network, with onward connections to over 200 cities around the world. In February 2020, Air France-KLM, Delta Air Lines and Virgin Atlantic launched an expanded Joint Venture, offering a comprehensive route network, convenient flight schedules, competitive fares and reciprocal frequent flyer benefits, including the ability to earn and redeem miles across all carriers.  Virgin Atlantic joined SkyTeam in March 2023 as the global airline alliance’s first and only UK member airline, enhancing the alliance’s transatlantic network and services to and from Heathrow and Manchester Airport.

Virgin Atlantic has been pioneering sustainability leadership for more than 15 years, committing to Net Zero by 2050 and continuous action that reduces environmental impact.  The airline operates one of the youngest and most fuel-efficient fleets in the skies, with an average age under seven years.

In October 2022, Virgin Atlantic welcomed its first A330-900’s to the fleet, continuing its transformation towards 100% next generation aircraft by 2028.  In November 2023, the airline led a consortium to deliver the world’s first flight across the Atlantic on 100% Sustainable Aviation Fuel (SAF), demonstrating that 100% SAF can be used safely as a drop in fuel in existing infrastructure, engines and airframes. The need to scale production is an industry imperative and Virgin Atlantic is committed to radical collaboration across the energy chain to support commercialisation ahead of 2030.

For more information visit www.virginatlantic.com or via Facebook, Twitter and Instagram @virginatlantic.

Contacts

Noah Gunn
Global Head of Investor Relations
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

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Platinum Equity to Sell Unical Aviation to Satair, an Airbus Company

Platinum

A wide shot inside a large maintenance hangar with a red and white passenger jet (Unical) partially inside, surrounded by stacked boxes and industrial equipment. | Platinum Equity

Successful exit follows comprehensive four-year operational transformation program

LOS ANGELES (November 7, 2025) – Platinum Equity today announced it has signed a definitive agreement to sell Unical Aviation Inc. (“Unical”), a leading global provider of aerospace aftermarket solutions, to Satair, an Airbus company.

The sale includes Unical, a global aircraft parts and components supplier of Used Serviceable Material (USM) and its subsidiary eCube Solutions, a global expert in aircraft storage, disassembly, and transition services.

Platinum Equity acquired Unical in 2021. Over the past four years Unical has undergone a comprehensive transformation program designed to modernize operations, strengthen leadership, and accelerate growth.

“Over the past four years, we achieved those goals by partnering with the leadership team to implement advanced technology, expand global capabilities, and strengthen the company’s competitive position. This transaction is another example of how Platinum Equity can help family- and founder-owned businesses scale, innovate, and maximize their potential.”

Jacob Kotzubei, Co-President Platinum Equity

“We are proud of everything we accomplished at Unical,” said Jacob Kotzubei, Co-President of Platinum Equity. “When we acquired the business, we saw tremendous potential to modernize its operations, expand its position within the aerospace aftermarket, and elevate its presence on the global stage. Over the past four years, we achieved those goals by partnering with the leadership team to implement advanced technology, expand global capabilities, and strengthen the company’s competitive position. This transaction is another example of how Platinum Equity can help family- and founder-owned businesses scale, innovate, and maximize their potential.”

Highlights of Unical’s transformation under Platinum Equity’s ownership include:

  • Built a new leadership team of seasoned aerospace aftermarket professionals
  • Modernized technology platforms, including new ERP, auto-quoting and e-commerce systems, better enabling Unical to scale
  • Optimized geographic footprint and relocated headquarters and MRO operations to a purpose-built, lower-cost facility
  • Diversified inventory to include narrowbody and next-generation aircraft and engine content
  • Established a dedicated asset management team focused on maximizing returns
  • Completed three strategic add-on acquisitions, including ecube, which enhanced Unical’s end-of-life services and its global footprint

“We invested in the people, processes, systems, and inventory Unical needed to thrive in a rapidly evolving aerospace market,” said Dan Krasner, Managing Director at Platinum Equity. “From upgrading technology platforms to diversifying inventory and expanding service offerings, every initiative was designed to create a stronger, more resilient business. We are confident that under Satair’s ownership, Unical will continue to grow and deliver exceptional value to customers worldwide.”

The sale is subject to customary regulatory approvals and other closing conditions and is expected to be finalized in early 2026.

Jefferies, LLC and Fifth Third Securities are serving as financial advisors to Unical on the sale to Satair and ReedSmith is serving as the company’s legal counsel on the transaction.

About Unical

Founded in 1990 and headquartered in Glendale, AZ, Unical Aviation supplies aircraft parts and components to thousands of aviation customers around the globe. With roughly 90 million parts and over 1 million unique airframe and engine part numbers in stock, Unical is one of the largest suppliers of new and used serviceable material for the commercial aerospace industry. Unical’s recently expanded engines business and vertically integrated MRO and 145 repair affiliate companies provide a full and comprehensive aftermarket parts and service solution to the world’s most trusted airlines, OEMs, and MROs. Read more at www.unical.com

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions

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Griffin Global Asset Management Announces Closing of Inaugural $1.245 Billion Series into Mid-Life Aircraft Master Trust Platform

BainCapital

Dublin, Ireland – November 3, 2025 – Griffin Global Asset Management (“Griffin”) announces that GGAM Master Trust International, Ltd. and GGAM Master Trust US LLC (collectively, “GGAM Master Trust”), newly established special purpose companies comprising Griffin’s Midlife Aircraft Master Trust Platform, closed the inaugural issuance of $1.245 billion of Fixed Rate Notes (the “Series 2025-1 Notes”).

The Series 2025-1 Notes were comprised of:

–    $1.12 billion of 5.923% Class A Fixed Rate Notes (the “Series 2025-1 Class A Notes”)
–    $125 million of 9.702% Class Y Fixed Rate Notes (the “Series 2025-1 Class Y Notes”)

The Series 2025-1 Class A Notes and Series 2025-1 Class Y Notes are rated A- (sf) and BB- (sf), respectively by Fitch. The initial portfolio to be acquired by GGAM Master Trust using the proceeds of Series 2025-1 Notes have an initial appraised value of $1.44 billion. The E-Notes to be issued by GGAM Master Trust were acquired by funds managed or advised by Bain Capital, Griffin and or their affiliates. The initial aircraft portfolio comprises a mix of 25 narrowbody and widebody aircraft that have a weighted average age of 4.1 years and are on lease to 19 airlines in 15 countries. Griffin will act as a servicer with respect to the initial portfolio and any additional aircraft acquired by GGAM Master Trust.

Ryan McKenna, Griffin CEO, commented: “I am very proud to announce the closing of this milestone transaction, which is the largest issuance in the history of aircraft ABS markets.  The Griffin Master Trust establishes a new standard in aviation finance for mid-life aircraft by creating a dynamic funding platform that scales with future acquisitions and matches aircraft depreciation with amortizing debt securities.  This will serve as an integral part of Griffin’s financing strategy as we develop the master trust into the largest and most diversified ABS platform in the sector.  I am incredibly appreciative of the Griffin team and our financial and legal advisors at Mizuho, Bank of America, Hughes Hubbard, and Milbank who worked tirelessly to create this innovative funding model.”

Mizuho Securities and BofA Securities acted as Joint Structuring Agents and Joint Bookrunner. Citigroup, Goldman Sachs & Co. LLC and Morgan Stanley acted as Passive Bookrunner, Barclays, BMO Capital Markets, Fifth Third Securities, MUFG, PNC Capital Markets LLC, SMBC Niko, Societe Generale and Truist Securities acted as Co-Managers.

Hughes Hubbard & Reed LLP acted as counsel to Griffin and the GGAM Master Trust, and Milbank LLP acted as counsel to the Initial Purchasers, the Joint Structuring Agent and Joint Bookrunners, Passive Bookrunners and Co-Managers.  KPMG Ireland acted as tax advisors to Griffin and GGAM Master Trust.

The Initial Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. The Initial Notes may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S of the Securities Act) (“Regulation S”) except in transactions exempt from, or not subject to, the registration requirements of the Securities Act.

About Griffin Global Asset Management

Griffin is a commercial aircraft leasing and alternative asset management business with offices in Dublin, Ireland, Tokyo, Japan, Singapore, Puerto Rico, and Los Angeles, CA.  Griffin’s team of professionals works closely with airlines, manufacturers, maintenance providers, and financiers to deliver innovative capital solutions globally.

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Jeppesen ForeFlight Launches as a Standalone Company to Redefine the Future of Aviation Software

Thomabravo

Company completes carve-out from Boeing and sale to Thoma Bravo for $10.55 billion

Fuses Jeppesen’s heritage of precise aeronautical data with ForeFlight’s digital-first aviation technology

DENVER and SAN FRANCISCO—The original innovators of aviation technology are back in a big way. Today, Jeppesen ForeFlight announced its launch as a new digital aviation entity, backed by Thoma Bravo, a leading software investment firm. The company has completed its separation from Boeing and sale to Thoma Bravo in an all-cash transaction valued at $10.55 billion. Brad Surak, who previously led the Digital Aviation Solutions business at Boeing, will lead Jeppesen ForeFlight as Chief Executive Officer.

“Backed by 90 years of Jeppesen’s gold-standard data and ForeFlight’s relentless spirit of exploration, this combination is building the most unified, intuitive platform in aviation,” said Surak. “As we return to independence alongside a leader in software private equity investing, we’re enabled to move faster, think bigger, and innovate.”

With the industry’s most comprehensive aeronautical data and a commitment to quality and safety, the company serves all four key aviation segments: Commercial, Business, Military and General Aviation. Jeppesen ForeFlight’s suite of solutions from flight planning and dispatch to crew tracking, are seamlessly integrated to power digital aviation.

Surak continued, “AI is the north-star for our multi-year roadmap of integrated solutions as we look to build on our proven heritage and move to new horizons. We have an unmatched history of pioneering – from inventing aviation charts to transforming aeronautical data into digitized pilot support systems – and we’ve only just scratched the surface of what’s possible. Jeppesen ForeFlight is bringing AI to aviation, from the flight deck to the operations control center driving increased operational efficiency and bolstering safety.”

As Jeppesen ForeFlight begins its new day one, the company remains steadfast in its mission to redefine the aviation landscape through innovation and a spirit of exploration. Rooted in the company’s legacy of trust and excellence, Jeppesen ForeFlight is committed to solving aviation’s toughest challenges and helping customers navigate an ever-evolving industry. From engineers and geospatial experts to innovators and customer advocates, the team at Jeppesen ForeFlight has a dedication to excellence and customer service.

“We are thrilled to complete this transaction and to support Jeppesen ForeFlight as a standalone company with significant growth opportunities ahead,” said Holden Spaht, a Managing Partner at Thoma Bravo. “The company has been a cornerstone of the aviation industry for more than 90 years, combining deep domain expertise with a culture of innovation. We look forward to helping strengthen that leadership position and leveraging AI to drive the next wave of digital transformation in aviation.”

“The closing of this transaction underscores Thoma Bravo’s continued leadership in software private equity investing,” said Scott Crabill, a Managing Partner at Thoma Bravo. “Jeppesen ForeFlight is a world-class vertical software and data business that plays a critical role in powering the aviation ecosystem. We’re excited to support the company’s talented team, invest in innovation, and help accelerate its next phase of growth and global expansion.”

Brian Jaffee, a Partner at Thoma Bravo, added, “Jeppesen Foreflight is an incredibly special business, and we look forward to working closely with Brad and the entire leadership team to build on the company’s strong foundation and support its growth as we expand the business both organically and through strategic M&A.”

More information on the company and its product offerings can be found at jeppesenforeflight.com.

About Jeppesen ForeFlight
Jeppesen ForeFlight is a leading provider of innovative aviation software solutions, serving the Commercial, Business, Military, and General Aviation sectors globally. Combining Jeppesen’s 90-year legacy of accurate aeronautical data with ForeFlight’s expertise in cutting-edge aviation technology, the company delivers an integrated suite of tools designed to enhance safety, improve operational efficiency, and sharpen decision-making. From the cockpit to the control center, Jeppesen ForeFlight empowers pilots, business fleets, airlines, and militaries with solutions that enable them to plan and execute their missions safely and efficiently. Jeppesen ForeFlight is paving the way for the future of aviation intelligence with a commitment to quality, precision, and forward-thinking innovation. For more information, visit jeppesenforeflight.com or follow Jeppesen ForeFlight on: LinkedIn Jeppesen ForeFlight | X @jeppesenforeflight.

About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over US$181 billion in assets under management as of June 30, 2025. Through its private equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 555 companies representing approximately US$285 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

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SK AeroSafety Group successfully completes acquisition of Reheat Aero Limited

Bridgepoint

SK AeroSafety Group is delighted to announce the successful acquisition of Reheat Aero Limited (“Reheat”), a leading independent MRO and aftermarket provider offering a one-stop shop for a wide range of aircraft galley equipment and cabin interior products.

Based in Alton, Hampshire, the acquisition of Reheat represents a major step forward in SK AeroSafety’s global ambitions to become the leading group of companies specialising in the repair of aircraft components for the aviation market. Reheat’s expertise in aircraft galley equipment and cabin interior repair makes it a highly attractive addition to the SK AeroSafety family, expanding our service offerings, increasing scale, and enabling us to better support our joint customers.

With a history dating back to 1998, Reheat brings to SK AeroSafety Group a unique and extensive experience as the go-to leader in the interiors MRO space. Their modern 16,000 sq ft facility in Alton, Hampshire, UK is strategically located within 90 minutes of all major London airports. The company’s exceptional customer service standards and deep technical expertise perfectly complement SK AeroSafety Group’s existing portfolio and strengthen our ability to serve diverse customer segments across the global aviation market.

The SK AeroSafety Group supports the aerospace sector worldwide with MRO component services, establishing itself as a business built upon service, quality, and reliability – all in pursuit of its purpose: Keeping Aviation Safe. With industry-leading turnaround times and competitive pricing, the Group generates over EUR 100 million in annual revenue and employs a skilled workforce of more than 550 staff across its global operations, spanning 19 service centres from Los Angeles to Sydney.

The transaction is supported by SK Aerosafety Group’s existing sponsor Bridgepoint, which partnered with the company in 2023 via Bridgepoint Development Capital, a lower middle-market fund focused on supporting fast-growing businesses across Europe. The partnership between SK Aerosafety Group and Bridgepoint – one of the world’s leading quoted private asset growth investors with over $86 billion under management – is focused on expanding the firm’s capabilities and geographic presence, positioning SK AeroSafety to pursue accretive acquisitions and investment opportunities while benefitting from Bridgepoint’s global network and deep sector expertise.

With this acquisition, the SK AeroSafety Group reaffirms its dedication to providing top-tier aviation services while actively expanding its range of solutions to meet the current and future needs of the industry.

Financial details of the transaction were not disclosed.

Bridgepoint Group is one of the world’s leading quoted private asset growth investors, specialising in private equity, infrastructure and private credit.

With over $86 billion of assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.

Bridgepoint Advisers Limited, a subsidiary of Bridgepoint Group plc, is authorised and regulated by the Financial Conduct Authority.

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Ardian and Finint Infrastrutture, together with Sviluppo 87, have signed an agreement for the joint acquisition of Milione S.p.A., parent company of Save S.p.A., a leading airport platform, including Venice Airport

Ardian

Ardian, a world-leading private investment firm, and Finint Infrastrutture, built leveraging Finanziaria Internazionale  Holding’s experience in asset management to boost Italy’s infrastructure sector, today an-nounced the signing of the agreement for the joint acquisition of Milione S.p.A., the parent company of Save S.p.A., which primarily operates in the airport sector, including Venice Marco Polo Airport, one of Italy’s three intercontinental airports and a strategic gateway at both national and international level.

Finint Infrastrutture together with Sviluppo 87 and Ardian have reached an agreement for the joint ac-quisition of approximately 100% of Milione S.p.A, while confirming the company’s current manage-ment team. The closing of the transaction is expected by the end of 2025/beginning of 2026. The transaction entails the exit of the current shareholders, funds managed by DWS Infrastructure and InfraVia Capital Partners, while Sviluppo 87, controlled by Finanziaria Internazionale Holding, will remain a shareholder of Milione S.p.A.

The transaction marks the beginning of a strategic partnership between Ardian and Finint Infrastrutture, aimed at supporting the growth of both Save and the North-East Airport System, as well as at establish-ing a strategic operator to pursue new acquisitions as part of an external growth strategy.

The Save Group includes the airports of Venice, Verona, Treviso and Brescia, as well as a participation in Charleroi Air-port in Belgium. In 2024, the SAVE Group handled around 29 million passengers: over 18.3 million passengers at the three Veneto airports, marking a 3.1% increase compared to the previous year, and 10.5 million passengers at Charleroi, 12% increase compared to the same period. In the first half of 2025, the Veneto airports reported a further 5.2% increase, with Venice confirming its central role as Italy’s third intercontinental hub; Charleroi grew by 7%.

“This transaction represents, for us, the next step of an infrastructure journey that we initiated with a clear vision twenty-five years ago, leading to the successful creation of the North-East Airport System as well as our participation in Charleroi Airport. Partnering with a leading international player such as Ardian allows us to share new growth ambitions, while reinforcing our commitment to the regions where we operate and to the social and economic communities we serve. I am confident that this deal, carried out alongside Finint Infrastrutture SGR — which is positioning itself as a new player in the national and European infrastructure investment scene — is fully aligned with the broader strategic framework of a sector that demands the strength of solid, long-term investors”. Enrico Marchi, Founder of Finanziaria Internazionale Holding and President of Save Group

“This transaction reflects our strong confidence in Save’s future and in the strategic role of the airports man-aged by the Group, which serve both as a gateway and a showcase for the cities that are symbols of Eu-ropean culture and economy. It also reaffirms Ardian’s strong interest in both the Italian market and the sec-tor. We will work closely with the company’s management team and the relevant institutions to support the sector’s development, while continuing to deliver and enhance excellent services for passengers, airlines and local communities. We are pleased to start this new phase of the company’s growth alongside Finint.” Mathias Burghardt, Executive Vice President, CEO of Ardian France and Head of Infrastructure, Ardian

“We are particularly proud to have been part of a transaction of strategic importance for the Italian airport sector. Our goal, together with our partner Finint Infrastrutture, is to further strengthen and enhance Save’s position as a leading airport operator in Italy, with Venice Airport serving as a key driver for the tourism’s growth and for the local and national economy and in Belgium with the strategic shareholding in Charleroi. Alongside our partner and the management of the Group, we will support the company on its continued path of sustainable growth, reinforcing its long-term competi-tiveness, consolidating collaboration with local stakeholders, and contributing to the sector’s transition to-wards decarbonization”. Rosario Mazza, Senior Managing Director and Head of Infrastructure Italy, Ardian

“The creation of Finint Infrastrutture SGR marks an innovative step for Italian asset management. Our goal is to equip the country with modern, efficiently managed infrastructure while creating value for investors. Finint Infrastrutture SGR emerges as a new player in Italy and Europe’s infrastructure investment landscape, starting with the airport sector and beyond. This transaction is the first significant step in a broader growth path, look-ing ahead with ambition and a clear industrial vision.” Fabrizio Pagani, President, Finint Infrastructure SGR

“I am very pleased with this transaction, which, in continuity with what we have achieved so far, posi-tions the Group for growth process both in Italy and abroad, while reaffirming our strong commitment to environmental, economic and social sustainability in the regions where we operate.This agreement was made possible thanks to the strong expertise of our management team and the commitment of all our people, who over the years have embraced the principles of responsibility that guide our work, turning them into a meaningful and effective customer experience for the passengers at our airports”. Monica Scarpa, CEO, Gruppo Save

The Finanziaria Internazionale Group has gained extensive experience in the infrastructure sector be-yond airports, having invested in multi-utilities and healthcare, as well as indirectly through SAVE in Cen-tostazioni alongside Ferrovie dello Stato, and in the motorway sector.

Through its direct infrastructure investment activities, Ardian has built significant experience in the airport sector, playing a key role in driving growth in Italy and Europe. Last July, Ardian completed the acquisi-tion of an additional 10% stake in Heathrow Europe’s leading airport, increasing its total holding to 32.6%.

In Italy, Ardian has been an indirect shareholder of the airports of Milan Linate, Milan Malpensa, Na-ples, Turin and Trieste. During the investment period, Ardian supported the growth and sustainable de-velopments of the platform, leading a number of innovative initiatives.

Mediobanca and Intesa Sanpaolo – IMI Corporate & Investment Banking acted as financial advisors to Ardian, while Finint Infrastrutture, was supported by Banca Finint and Goldman Sachs Bank Europe SE Italy Branch.  Clifford Chance and Chiomenti assisted the consortium as legal advisors.

Completion of the transaction remains subject to the approval of the relevant regulatory authorities.

ABOUT ARDIAN

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and foster-ing a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance com-bined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT FININT INFRASTRUTTURE SGR

Società di Gestione del Risparmio S.p.A., based in Venice and controlled by Finanziaria Internazionale Holding S.p.A., was authorized in 2023 to operate as an asset manage-ment company under Italian law. In addition to the launch and management of the Marco Polo Fund, the firm focuses on managing reserved Italian and EU alternative investment funds (AIFs), open exclusively to professional investors. Its goal is to establish closed-end funds investing primarily in airport and aviation infrastructure, transport infrastructure such as railways, ports and toll roads, energy infrastructure, as well as specialized sectors includ-ing data centers, fiber optic networks and social and healthcare infrastructure. Finint Infrastrutture is part of Finanziaria Internazionale Holding’s forty years of experience in asset management.

www.infrasgr.com

Press contact

Ardian

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ardian@imagebuilding.it 

Press contact

FININT INFRASTRUTTURE

Community

Giovanna.benvenuti@community.it 

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BOND Launches Exclusive Aviation Club for the Premium Private Flyer with $350M Investment Led by KKR

KKR

Powered by Bombardier Aircraft and Services, BOND Offers Fractional Ownership of Factory-New Super Mid- and Large Cabin Challenger 3500, Global 6500 and Global 8000 Aircraft

First-Of-Its-Kind Service Agreement with Bombardier Ensures Industry-Leading Reliability and On-Time Performance

With Support from KKR and Select Group of Founding Partners, BOND Creates A New Category in Private Aviation Defined By Unsurpassed Quality, High-Touch Service, Capital-Efficient Ownership, and Lowest Owner-to-Aircraft Ratio in the Industry

NEW YORK–(BUSINESS WIRE)–BOND, the world’s first premium fractional aviation company, today announced the close of $320 million in preferred equity and debt financing led by credit funds and accounts managed by leading global investment firm KKR, with $30 million of equity funding from a select group of founding partners. In a market where demand for private flying is at record highs and fractional ownership is outpacing every other category of business aviation, BOND introduces a model built for premium private flyers who value exclusivity over scale.

Launched in strategic collaboration, with a fleet composed exclusively of Bombardier aircraft, BOND introduces “Fractional 2.0” – ownership for a new generation of private flyers who expect reliability, service excellence, and capital-efficient ownership. The company’s $1.7 billion firm order and services agreement includes 50 factory-new Challenger 3500 and Global 6500 aircraft and options for 70 more Challenger and Global planes. With those additional aircraft, BOND’s Bombardier purchase could exceed $4 billion in value.

BOND’s agreement with Bombardier also creates a first-of-a-kind, fully integrated OEM–operator service agreement to maximize uptime and provide exceptional operational reliability. The relationship ensures BOND members benefit from Bombardier’s U.S. service network, and on-site maintenance resources dedicated solely to the BOND fleet.

With its launch, BOND will introduce the first 100-percent super-midsize and large-cabin fractional fleet in private aviation, creating a category built entirely around long-range comfort, precision, and availability. It will also operate the first 100% flight-attended fleet in fractional aviation, redefining service standards and delivering a level of personalization unmatched in the industry.

Led by industry veteran Bill Papariella, Chairman and Group CEO, BOND’s leadership team brings decades of operational experience with a record of delivering strong performance and managing complex aviation operations.

Alongside KKR, the company also launches with the support of a select group of large family office founding partners. Together, their perspective as sophisticated investors and flyers helps ensure BOND is built around the needs of the customers it is designed to serve.

“We created BOND to deliver on the promise of what private aviation was always meant to be — personalized, predictable, and with exceptional levels of service,” said Bill Papariella, Chairman and Group CEO of BOND. “We are not building for scale. We are building for the select few who expect service perfection every time they fly.”

“We are proud to collaborate with BOND and its proven leadership team led by Bill Papariella, whose vision and track record in private aviation are well recognized,” said Éric Martel, President and CEO, Bombardier. “This agreement goes beyond an aircraft order, it marks a first-of-a-kind, uniquely integrated service collaboration. BOND’s confidence in our top-ranked global service network reinforces our position as the benchmark for reliability, responsiveness and customer support, delivering the peace of mind that only Bombardier can provide.”

“We are thrilled to build on our longstanding relationship with Bill and his team as they launch BOND,” said Patrick Clancy, Director at KKR. “We believe BOND represents the next evolution in private aviation – a model that prioritizes quality, service, and efficiency over scale. This team’s proven track record, coupled with the strength of the Bombardier collaboration, makes BOND well positioned to set a new standard for premium private travel.”

A Model Designed for Best-in-Class Reliability and an Unrivaled Customer Experience

Key elements of BOND’s model include:

  • Fewer owners per aircraft, limited to 10 per aircraft which is lowest in the industry
  • Exclusive fleet, reserved only for fractional owners – no jet-cards or charter dilution
  • Standby capacity increasing reliability, with reserved aircraft pre-positioned to cover peak customer demand
  • First-of-a-kind OEM service agreement, backed by dedicated resources in Bombardier’s top-rated network
  • Flight attendants on every flight, including super-midsize jets, an industry first
  • The highest-paid and most experienced pilots
  • 100% Super-mid and Large Cabin fleet
  • Evergreen membership with an intelligent capital efficient design

Members will begin flying in early 2027. For more information, please visit www.bond.co

 

About BOND

BOND is the world’s first premium fractional aviation company. Through a first-of-its-kind, fully integrated OEM–operator service agreement with Bombardier, BOND defines a new category in private aviation built on unsurpassed quality, high-touch service, capital-efficient ownership, and the lowest owner-to-aircraft ratio in the industry.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Contacts

BOND@trailrunnenrint.com

 

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Titan Aviation Leasing, Bain Capital and Atlas Air Worldwide Launch Second Freighter Aircraft Investment Platform with $410 Million Capital Commitment

BainCapital

Expanded Platform Builds on Success of Titan Aircraft Investments I to Strengthen Global Freighter Leasing Portfolio

DUBLIN – September 2, 2025 –Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide [“Atlas”], and Bain Capital today announced the successful closing of Titan Aircraft Investments II, DAC (“TAI 2”), a new freighter aircraft investment platform. TAI 2 launches with a $410 million capital commitment from Bain Capital and Atlas that further scales the firms’ joint venture platform that is focused on delivering flexible and efficient freighter leasing solutions worldwide.

Building on the strong performance of Titan Aircraft Investments I, Ltd. (“TAI 1”), which was established in 2019 and launched with $400 million in initial capital commitments, TAI 2 represents a milestone expansion of the freighter leasing platform to meet sustained global demand for dedicated cargo aircraft.

TAI 1 targeted long-term deployment of $1 billion in assets. Since TAI 1’s inception, Titan Aviation Leasing has acquired 19 aircraft across 11 lessees worldwide, capitalizing on secular demand for cargo aircraft driven by robust e-commerce growth.

Titan Aviation Leasing will continue to provide comprehensive aircraft and lease management services across both portfolios, leveraging its deep cargo aviation expertise to support a growing and diversified customer base.

“The successful deployment of TAI 1 has demonstrated the strength of our partnership with Bain Capital and Atlas, and the critical role Titan plays in delivering efficient, flexible freighter leasing solutions,” said Eamonn Forbes, Senior Vice President and Chief Commercial Officer, Titan Aviation Leasing. “We are excited to scale this platform further with TAI 2 and continue supporting the evolving needs of the global air cargo industry.”

“This expanded platform underscores our commitment to the freighter leasing sector and to building long-term solutions for our customers,” said Michael Steen, Chief Executive Officer, Atlas Air Worldwide.

“We are proud to deepen our partnership with Titan and Atlas as we expand our platform to meet the increasingly complex demands of global cargo supply chains,” said Matthew Evans, a Partner at Bain Capital. “By leveraging our combined expertise with the ability to act quickly and efficiently in a continually evolving market, we are well positioned to continue delivering flexible, high-impact solutions that help freight operators around the world meet their diverse financing needs.”

About Titan Aviation Leasing:
Titan Aviation Leasing is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan Aviation Leasing’s fleet of cargo aircraft supports customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan Aviation Leasing’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment.

Titan Aviation Leasing provides management services to the joint venture, including aircraft acquisitions, lease management, passenger-to-freighter aircraft conversion oversight, technical expertise, and disposal of aircraft.

About Atlas Air Worldwide:
Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Titan Aviation Holdings, Inc., and Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777 and 767 aircraft for domestic, regional and international cargo and passenger operations.

Media Contacts

 For Bain Capital Double Impact:

 Edward de Sciora

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